What are the functions of the maquiladoras?

What are the functions of the maquiladoras?

A maquiladora is a Mexican assembly plant that imports materials and equipment on a duty-free and tariff-free basis. Maquiladoras receive raw materials from companies in the U.S. to assemble and export back as finished products.

What was the maquiladora agreement between Mexico and the US?

The Maquiladora Program was developed to foster border region employment rates as well as further attract foreign investment, and a 1989 decree relaxed Mexico’s foreign investment laws even more, allowing maquiladoras to sell up to 50% of their products to Mexican domestic markets.

Why are maquiladoras important?

Through the maquiladora framework, foreign manufacturers—predominantly U.S. companies—are able to locate labor-intensive operations in labor-abundant Mexico, thus achieving lower labor costs in the overall production process. Thus, Mexico is able to attract some of the foreign direct investment it needs to grow.

What was the maquiladora program called originally?

Programa Nacional Fronterizo
The establishment of maquiladoras grew out of a Mexican government program known as the Programa Nacional Fronterizo (PRONAF).

What is a maquiladora quizlet?

A maquiladora is a foreign owned plant located in Mexico. they have an advantage of cheap labor, export assembled products to the United States by export, and an import of product components.

Which of the following best describes the purpose of a maquiladora?

Maquiladoras are an extension of NAFTA’s attempts to reinvigorate the economies of Mexico. Answer: Maquiladoras locations are most accessible to the markets for the goods they produce, cutting down on transportation costs while maximizing access to cheap labor.

What is a maquiladora AP Human Geography?

Maquiladora. Factories built by US companies in Mexico near the US border to take advantage of much lower labor costs in Mexico. Industrial Revolution. A series of improvements in industrial technology that transformed the process of manufacturing goods.

What are maquiladoras choice answer choices?

What two things are credited with creating the global village?

Global Village Definition: The “shrinking” of time and space as air travel and the electronic media have made it easier for the people around the globe to communicate with one another.